Battery

Electrifying the Future: USA EV and EV Charging Market to Surge to $1 Trillion by 2026: Ken Research

Retrieved on: 
Thursday, February 15, 2024

The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey.

Key Points: 
  • The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey.
  • Ken Research's " USA EV and EV Charging Equipment Market " report predicts a staggering 74.7% CAGR, propelling the market size to a colossal $1 trillion by 2026.
  • Beyond simply offering cleaner transportation options, the US EV and EV charging market plays a crucial role in reducing carbon emissions, combating climate change, and fostering energy independence.
  • The USA EV and EV charging market stands on the precipice of an electrifying transformation, driven by a confluence of environmental concerns, technological advancements, and government support.

Electrifying the Future: USA EV and EV Charging Market to Surge to $1 Trillion by 2026: Ken Research

Retrieved on: 
Thursday, February 15, 2024

The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey.

Key Points: 
  • The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey.
  • Ken Research's " USA EV and EV Charging Equipment Market " report predicts a staggering 74.7% CAGR, propelling the market size to a colossal $1 trillion by 2026.
  • Beyond simply offering cleaner transportation options, the US EV and EV charging market plays a crucial role in reducing carbon emissions, combating climate change, and fostering energy independence.
  • The USA EV and EV charging market stands on the precipice of an electrifying transformation, driven by a confluence of environmental concerns, technological advancements, and government support.

Ultralife Corporation Reports Fourth Quarter Results

Retrieved on: 
Thursday, February 15, 2024

NEWARK, N.Y., Feb. 15, 2024 (GLOBE NEWSWIRE) --  Ultralife Corporation (NASDAQ:   ULBI) reported operating results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NEWARK, N.Y., Feb. 15, 2024 (GLOBE NEWSWIRE) --  Ultralife Corporation (NASDAQ:   ULBI) reported operating results for the fourth quarter and full year ended December 31, 2023.
  • Revenue was $44.5 million, an increase of $8.4 million, or 23.4%, as compared to revenue of $36.1 million for the fourth quarter of 2022.
  • Our total backlog exiting the 2023 fourth quarter was $103.5 million representing a 2.4% sequential increase over that reported for the third quarter.
  • See the “Non-GAAP Financial Measures” section of this release for a reconciliation of adjusted EPS to EPS and adjusted EBITDA to net income attributable to Ultralife Corporation.

GMG's Graphene Aluminium-Ion Battery Update: Minimal Temperature Rise Identified While Fast Charging

Retrieved on: 
Wednesday, February 14, 2024

The Company is pleased to announce that it has identified minimal temperature rise when charging and discharging GMG's Graphene Aluminium-Ion Battery.

Key Points: 
  • The Company is pleased to announce that it has identified minimal temperature rise when charging and discharging GMG's Graphene Aluminium-Ion Battery.
  • By comparison, GMG's Graphene Aluminium-Ion Battery temperature is 29 degrees Celsius when it is discharged at even higher current density (20 C-rate - approximately 2.0 A/g on the cathode active mass).
  • The battery technology readiness level ("BTRL") of the Graphene Aluminium-Ion technology remains at Level 4 (see Figure 4).
  • Figure 4: Graphene Aluminium Ion Battery Comparative Performance Data (for coin cells)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/197885_6af50fb874a9984b_006fu...

XCharge North America Unveils Plans for Battery Storage EV Charging Superhub at Watters Creek Village near Dallas

Retrieved on: 
Monday, February 12, 2024

ALLEN, Texas, Feb. 12, 2024 /PRNewswire/ -- Today, XCharge North America (NA), a leading DC high-power and battery-integrated electric vehicle (EV) charging solutions provider, announced plans to build a state-of-the-art grid supporting a Battery Storage EV Charging Superhub at the prestigious Watters Creek Village mixed-use development near Dallas.

Key Points: 
  • ALLEN, Texas, Feb. 12, 2024 /PRNewswire/ -- Today, XCharge North America (NA), a leading DC high-power and battery-integrated electric vehicle (EV) charging solutions provider, announced plans to build a state-of-the-art grid supporting a Battery Storage EV Charging Superhub at the prestigious Watters Creek Village mixed-use development near Dallas.
  • XCharge NA unveils plans to build a Battery Storage EV Charging Superhub at Watters Creek Village near Dallas.
  • "We are thrilled to partner with XCharge North America to introduce permanent and innovative infrastructure solutions to the Dallas community," says James Roussel with Watters Creek Village.
  • "XCharge North America remains at the forefront of sustainable mobility innovation, and our vision advances with the unveiling of the 3MWH Battery Storage Grid Support at the Watters Creek Village mixed-use development near Dallas," says XCharge North America President Aatish Patel.

BorgWarner Signs International Strategic Relationship Agreement with FinDreams Battery for LFP Battery Packs

Retrieved on: 
Thursday, February 8, 2024

BorgWarner to be the preferred manufacturer of LFP battery packs for commercial vehicle markets (class 3 and above) in Europe, the Americas, and parts of Asia Pacific

Key Points: 
  • BorgWarner to be the preferred manufacturer of LFP battery packs for commercial vehicle markets (class 3 and above) in Europe, the Americas, and parts of Asia Pacific
    AUBURN HILLS, Mich., Feb. 8, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited.
  • Under this agreement, BorgWarner will be the only non-OEM localized manufacturer, unaffiliated with FinDreams Battery, with rights to localize LFP battery packs for commercial vehicles utilizing FinDreams Battery blade cells in Europe, the Americas, and select regions of Asia Pacific.
  • In addition to receiving state-of-the-art blade cells for manufacturing LFP battery packs in the covered geographies, BorgWarner will receive a license from FinDreams Battery to use FinDreams Battery's intellectual property related to its battery pack design and manufacturing process.
  • "We believe FinDreams Battery is right for BorgWarner in this area, with its 20-plus years of experience and success in LFP batteries for the mobility sector across China and Europe.

FREYR Battery Provides Operations and Financial Update

Retrieved on: 
Wednesday, February 7, 2024

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the Company’s operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway; and a financial update on FREYR’s cash position at year-end 2023.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the Company’s operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway; and a financial update on FREYR’s cash position at year-end 2023.
  • Automatic production of active cathodes and anodes is the next major milestone in documenting the viability of the SemiSolid platform at GWh scale.
  • “FREYR continues to believe that contributing to the development of a U.S. battery value chain by scaling 24M’s U.S.-based technology platform is a potential source of long-term competitive differentiation,” commented Oscar Brown, FREYR’s Chief Financial Officer.
  • As previously announced, FREYR will report full financial results for the quarter and year ended December 31, 2023, on February 29, 2024.

GMG's Graphene Aluminium-Ion Battery: 1000 mAh Capacity Reached and Next Steps Toward Commercialisation

Retrieved on: 
Tuesday, February 6, 2024

Notably, this update includes information about GMG's G+AI Battery regarding:

Key Points: 
  • Notably, this update includes information about GMG's G+AI Battery regarding:
    The Company is pleased to announce it has now produced multiple battery pouch cells with over 1000 mAh (1 Ah) capacity, as seen in Figure 1.
  • In a recent build to confirm repeatability, the Company's development team has built and confirmed multiple cells, all testing greater than 1Ah (1000mAh).
  • To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/196983_dda901c7a4d06811_001fu...
    Please see charging and discharging curve typical of the GMG's Graphene Aluminium-Ion Battery 1000 mAh cell in Figure 2 showing a nominal voltage of 1.7 volts.
  • Oct 2022 - Significant battery performance, cell and graphene production improvements
    Feb 2023 - Australian Government Approval (AICIS) for production and sale of batteries.

FREYR Battery Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule

Retrieved on: 
Tuesday, February 6, 2024

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing fourth quarter and full-year 2023 results and conduct a conference call on February 29, 2024.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing fourth quarter and full-year 2023 results and conduct a conference call on February 29, 2024.
  • The fourth quarter and full-year 2023 press release will be issued by 6:00 am U.S. Eastern Standard Time (12:00 pm Central European Time).
  • The conference call is scheduled to begin at 8:30 am Eastern Standard Time (2:30 pm Central European Time).
  • To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.

New report: U.S. battery industry powers $8.1 trillion in economic output, 48 million jobs

Retrieved on: 
Monday, February 5, 2024

WASHINGTON, Feb. 5, 2024 /PRNewswire/ -- Independent economic analysis and research firm EBP US has released a new report that estimates the U.S. battery industry powers roughly $8.1 trillion worth of domestic industrial economic output annually, or roughly 20% of the U.S. economy.

Key Points: 
  • "Batteries are a very small component of a much bigger product, but they are still a necessary component," EBP writes.
  • In its new report, " The Battery Fueled Economy: US Domestic and Supported Canadian Activity ," EBP used data from as recently as 2021 to identify both direct and downstream economic activity.
  • The firm looked at each of 544 different sectors within an economic model that spanned both goods and services sectors.
  • "The battery manufacturing industry is a hidden engine of economic growth for communities all across North America," said Roger Miksad, President and Executive Director of Battery Council International (BCI) , the leading trade association for the battery industry.